He cited statistics from the think tank Economic Innovation Group, which created a distressed community index with data gathered from every zip code in America, including measurements of employment and unemployment, housing values, wage and salary information and the numbers of those living below the poverty line.

Opportunity zones can offer very strong investment returns, while also making a socially strong impact on the local Los Angeles community, especially in areas that have been trailing in development. The tax incentives and investment potential combined can attract the funds required to make a meaningful dent in creating supply. I encourage investors to consult a tax…

A new California organization has been formed to help investors and developers take advantage of federal Opportunity Zones. CalOZ “will promote competitive, equitable and sustainable Opportunity Zone investments in California,” according to a release from the organization. “Our state must embrace new strategies to rebuild an upward economy that works for all Californians,” said Kunal Merchant,…

From Cleveland to Oakland, developers and politicians are talking about a new tax break they hope will encourage affordable housing and lure small businesses to low-income and rural areas. In downtown Reno this week, city planners, homebuilders and investors gathered to talk about how Nevada could take advantage of the tax break in areas known as…